A balloon‐borne photoelectric counter and jet impactor have been used to examine the southern hemisphere stratospheric aerosol from late 1974 to mid‐1976. Changes in particle morphology and loading observed in this period are consistent with a new source of aerosol in 1974. In the 10‐ to 16‐km altitude range the loading of particles with r > 0.15 μm increased by slightly greater than a factor of 2 from September 1974 to July 1976, while the loading of particles with 0.028 μ m < r < 0.15 μm decreased by approximately a factor of 2. The increased loading of particles with r > 0.15 μm in the 1975 southern winter was only about one‐fifth that observed at northern mid‐latitudes in the preceding northern winter.